Istock Dice
Online trading can be a tricky thing to get right, more so for new traders. One of the biggest problems that online traders face is knowing when to close a position. Closing a position requires decisive and confident decision making skills. The last thing you want to creep into your mind is superstition or gut feelings. You can retain profits effectively without missing out on future gains and reduce losses by simply knowing the best time to close your positions.

Whether you’re trading Forex, commodities, indices or stocks and shares, closing at the right time is vital for your quest to maximise your profits. Many traders, especially new kids on the block, tend to hang on to profitable positions for too long, getting worked up in the excitement of the markets going their way but before they know it, the market has swung, their greed has gotten the better of them and the profits have vanished.

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HY Markets

If you’ve heard about people wheeling and dealing in stocks, shares and Forex markets online and you fancy taking a look at these investment opportunities yourself, you should head over to HY Markets. Unlike many online trading sites, you can trade Forex and shares online for just $50 at HY Markets, allowing anyone the chance to try their hand at trading, without the need to remortgage the house.

HY Markets is one of the internet’s leading online trading sites, offering a huge choice of currency pairs, commodities, stocks and indices that you can trade from your computer or from your mobile phone or other web-enabled mobile device, giving you total around the clock control of your investments.

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AvaFX

To mark the hectic exchanges both on the football pitches in Poland and Ukraine, and on the trading floors around the world over the past few weeks, one of the internet’s leading online Forex brokers is offering a special bonus. The Euro 2012 Forex trading bonus from AVAFX is a first deposit bonus of between $200 and $3,000 that you receive when you open a new AVAFX account and then make a deposit of at least $300.

There has never been a better time to trade Forex and commodities online, with big market swings creating some hugely profitable positions. During last week’s Forex trading sessions the EUR/USD currency pair fell below the 1.23 mark for first time in 2 years, while the price of oil plummeted from over $106 a barrel at the beginning of May down to $81.2 a barrel a few weeks. And, with the ever-turbulent economies in Europe causing shifts in the markets, there will be plenty more trading opportunities in the not-too-distant future.

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Etoro

For the past five weeks the price of gold has made consistent gains but many market analysts believe that this week may see the price of the precious metal retreat a little. However, this dip is believed to be a short term trend that will quickly reverse, as many traders at eToro (your capital is at risk) and other commodities trading sites are predicting that gold prices are set to rise during 2012.

The price of gold fell during Friday’s New York trading session, closing at $1,740.30 an ounce, which was down on the day but marginally up on the week once again. The main catalyst for the sudden dip in the price of gold on Friday was strong US employment figures and the news of 243,000 jobs being created, which boosted the strength of the US dollar. Because gold is traded in US dollars, the stronger the dollar is the weaker gold is. This is why gold struggled against the strong dollar on Friday.

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Forexyard

The US Federal Reserve is announced a strategy to stimulate their ailing economy by selling $400 billion of its short-term securities and exchanging them for $400 billion in long-term securities, a move that’s designed encourage lending and borrowing among US banks and businesses. However, this news caused the price of gold fall and the dollar to rise at ForexYard and other online commodities and Forex brokers.

Following the news from the Feds, the price of safe haven commodity – gold – fell by over $26 per troy ounce during Wednesday’s trading sessions. The price of gold at ForexYard fell from $1,809.10 to $1,782.60 but, most unusually, the price of silver rose during the day. Silver prices normally shadow gold prices but today things were different. As gold was shedding dollars the price of silver rose by a little under 1 per cent, while palladium and copper also made small gains.

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Etoro

Speculators and investors at eToro (your capital is at risk) and other online commodities brokers witnessed gold prices soar on Wednesday, breaking the ‘golden’ $1,500 mark in the process. And just like previous hikes in the price of gold, the price of other commodities benefitted too. This latest advance by the valuable metal has gone further than many analysts predicted and if you were on the gold wagon as it reached these dizzy heights on Wednesday you should be a happy trader right now.

Last week fear of inflation pushed gold prices up to the dizzy heights of $1,486 and the just the same as today, other precious metals including silver also climbed in value. Today silver traded above the $45.00 mark, climbing by 54 cents and hitting a 31-year high for the heavily traded commodity but what does the future hold for commodities such as silver and gold?

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Forexyard

Today the price of gold has hit a new record high of $1,422 per ounce as many traders choose to invest in the safe-haven that is gold. Traders at ForexYard saw the value of the precious metal climb following the US Federal Reserve’s announcement of a second round of quantitative easing measures. Gold prices continued to flourish despite the strength of the US dollar, and it was hitting new highs in other denominations too, coming in at EUR 1,020 an ounce and GBP 878 today.

As is normally the case, the price of silver has shadowed the price of gold, with silver prices hitting a 30-year high just shy of $29 per ounce. Other precious metals such as palladium have also been boosted by the weak US dollar and uncertainty surrounding the US economy.

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Forexyard

Commodities traders at ForexYard saw the price of crude oil continue to decline as concerns continue to grow regarding the state of economic fundamentals in Europe, even in light of the EU/IMF bailout proposal for Greece. Investors in the Euro zone are now facing concerns over the risks of inflation and slow growth across Europe.

Not only is the continuing uncertainty in Europe causing the price of crude oil to fall but the ever-strengthening US dollar is also pushing down the price of crude oil. The US dollar has been making strong progress following a week of encouraging data releases including better than expect jobless claims figures.

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BetOnMarkets - Bet On Markets

When you’re looking for a new place to invest your hard earned cash, whether it be in Forex markets or maybe through a spread betting account, it is always best to find out as much information as possible about the site that you’re looking to trade with. This is why we offer you our trading reviews, which offer you vital information about many of the leading trading sites found in the internet including eToro, BetOnMarkets, Bet365, ForexYard and IG Index to name but a few.

Our trading reviews contain essential information for people looking to open a new trading account. You will find pearls of wisdom such as how to open an account, minimum trades and deposits, any welcome bonuses or promotions available, funding and withdrawal options, support details plus much more in our trading reviews.

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HY Markets

It’s time to count the gold at the world’s leading gold producing companies. The quarterly reporting is underway, reports which will give the world’s markets and traders an indication of the strength of the global industry. The results of the quarterly gold reports will have huge impacts on the price of gold at trading companies such as HY Markets.

By the end of the coming week gold companies including; Gold Fields, AngloGold Ashanti and junior Great Basin Gold will all announce their quarterly production figures. If these figures are better than expected the price of gold at HY Markets and other online trading companies will certainly rise.

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